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What is Deindustrialization

Sustainable Consumption Experience and Business Models in the Modern World
The process by which the economy of a nation or region, through the elimination or reduction of industrial capacity or activity, especially heavy industry or manufacturing, causes social and economic change.
Published in Chapter:
Minimalism: A Game Changer for Industries
Amritesh (Indian Institute of Technology, Ropar, India) and Arjinder Kaur (Indian Institute of Technology, Ropar, India)
DOI: 10.4018/978-1-6684-9277-2.ch006
Abstract
Minimalism has become a lifestyle choice for consumers from various cultural backgrounds who are deliberately rejecting the consumerist narratives that drive market-driven lifestyles. This chapter aims to provide a comprehensive review of growing trends in minimalism, emphasizing the defining traits of minimalists, the historical origins of minimalism, and the potential risks it poses to deindustrialization. A bibliographic review method is used to address the interconnected concepts within the specified objectives. The study illuminates the global shift in consumer behaviour by examining the increasing embrace of minimalism in different consumer sectors of the economy. The authors highlight the disruptive capacity of minimalism in various industries and recommend further research to plan a systematic degrowth of unsustainable products and match it with the emerging demand for a minimalism-driven lifestyle. In summary, this chapter emphasizes the potential connections among minimalism, health and wellbeing, and environmental sustainability.
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Brazil: Economic Mirage or Jewel in the New Global Economy?
A process of dismantling the industrial sector due to economic pressures of cheaper products coming from outside sources.
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The Integrity of the Manufacturing and Innovation Ecosystems With the Scope of University-Industry Collaboration
It is the process of moving some portion or a few branches of the manufacturing industry to another country, mostly for economic reasons such as labor cost, logistics, access to natural resources, etc. The trend started in the period after the early1980s, under the influence of neo liberal policies.
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